Bowlero Insider Lowered Holding By 15% During Last Year

Viewing insider transactions for Bowlero Corp.'s (NYSE:BOWL ) over the last year, we see that insiders were net sellers. This means that a larger number of shares were sold by insiders in relation to shares purchased.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for Bowlero

Bowlero Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Director, Michelle Wilson, for US$2.0m worth of shares, at about US$13.98 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (US$11.50). So it is hard to draw any strong conclusion from it. The only individual insider seller over the last year was Michelle Wilson.

Happily, we note that in the last year insiders paid US$155k for 15.31k shares. But insiders sold 279.00k shares worth US$3.6m. Michelle Wilson sold a total of 279.00k shares over the year at an average price of US$13.05. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Bowlero Insiders Are Selling The Stock

Over the last three months, we've seen notably more insider selling, than insider buying, at Bowlero. In total, Director Michelle Wilson sold US$2.0m worth of shares in that time. On the flip side, Independent Director Robert Bass spent US$1.5k on purchasing shares. The share price has moved a bit recently, but it's hard to argue that the selling is a positive.

Insider Ownership Of Bowlero

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Bowlero insiders own 7.5% of the company, worth about US$128m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Bowlero Tell Us?

The stark truth for Bowlero is that there has been more insider selling than insider buying in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Bowlero. You'd be interested to know, that we found 3 warning signs for Bowlero and we suggest you have a look.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.